NASDAQ OMX

Industry First: VistaJet Abolishes Positioning Fees Globally

Dela

To free its Program customers from expensive ferry fees, company will never charge them for positioning an aircraft anywhere in the world.

  • Positioning fees can cost customers an additional five-figures on each flight.
  • Other business aviation companies charge for positioning fees when leaving their limited service areas.
  • The announcement is a result of VistaJet's $2.5bn investment in its global fleet and proprietary backend operations technology.
  • Company took on 15 new business jets in 2016, taking the total fleet to over 70, to offer one-way pricing around the globe.
  • Follows 100,000th VistaJet flight record.

LONDON, May 19, 2017 (GLOBE NEWSWIRE) -- VistaJet, the first and only global aviation company, announced today that it has abolished hourly ferry flight fees for new Program customers globally. Uniquely in the industry, the commitment applies no matter where in the world a customer is flying to or from. The move signals a significant commitment to VistaJet's mission to be the first operator to offer a truly global service. Its customers now have complete freedom when booking, without bearing the burden of paying a ferry flight hourly rate for an aircraft to return to a home base or service area, and enjoying truly transparent pricing.

Photos accompanying this announcement are available at

http://www.globenewswire.com/NewsRoom/AttachmentNg/46cb434c-23ad-4110-8c4f-bc8711b071e2

http://www.globenewswire.com/NewsRoom/AttachmentNg/5e0064d2-a46b-4f9b-9935-b1ff347144f0

http://www.globenewswire.com/NewsRoom/AttachmentNg/8a1f5882-737f-42be-996b-adbf4e8f529e

http://www.globenewswire.com/NewsRoom/AttachmentNg/a6207715-7e21-42f4-ab50-9229bae68fba

Positioning fees have traditionally been a frustrating and unexpected cost for business aviation clients. Currently, most companies in the sector make their customers pay for the cost of returning the empty plane to its home airport or service area after a flight is completed. Depending on location, this can add tens of thousands to the overall cost of a flight. For example, if a customer stepped onboard a London based aircraft towards Australia, the cost of returning the aircraft to its home base could add more than $100,000 to the overall cost of the journey.

The revolutionary new offering has been made possible by the $2.5bn investment the company has made to grow its fleet to a global scale, as well as its effort to establish a global customer base through its 10 sales offices around the globe. The company's unique business model, built on removing the notion of a home base for its aircraft, means customers only pay for the time they are in the air: when a VistaJet Program customer books a flight, VistaJet will simply move the nearest plane to pick them up.

Unlike business jet charter, VistaJet owns every one of the over 70 silver and red aircraft in its fleet, so customers know what will greet them on the tarmac anytime, anywhere in the world. The company has invested in an industry leading operations centre in the European country of Malta, and created an innovative infrastructure with the capacity to manage global flights 24 hours a day, 365 days a year. It has also established offices on 5 continents, managing flights to over 1,600 airports in 187 countries to date.

Chairman and Founder Thomas Flohr said:
"When you call a taxi, you don't worry about paying for its journey to you. Today's entrepreneur or business executive will be flying to America one week, Asia or South America the next, and Europe in between, so it's become critical to offer them a truly global service. The sustained investment we've made for the past 13 years has been calculated to ensure we can offer our customers something completely ground-breaking: one way pricing around the globe.

At VistaJet, we challenge ourselves every day to offer the best experience in the industry. So along with knowing that our customers will only pay for the time they are in the air, when they fly with us they know that they will receive the very best service, with everything tailored to their specific needs."

About VistaJet 

VistaJet is the first and only global aviation company. On its fleet of silver and red business jets, VistaJet has flown corporations, governments and private clients to 187 countries worldwide. Founded in 2004 by Thomas Flohr, the company pioneered an innovative business model where customers pay only for the hours they fly, free of the responsibilities and asset risks linked to aircraft ownership. VistaJet's signature Program service offers customers a bespoke subscription of flight hours on its fleet of mid and long range jets, to fly them anywhere and at any time.

More VistaJet information and news at vistajet.com.

 

Information

Jennifer Tyler
VistaJet International
T: +44 203 617 3077
M: +44 7834 335505
jennifer.tyler@vistajet.com

James Leviton
Finsbury
+44 207 251 3851
VistaJet@finsbury.com



This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: VistaJet Ltd via Globenewswire

Om

NASDAQ OMX
NASDAQ OMX



Följ NASDAQ OMX

Abonnera på våra pressmeddelanden.

Senaste pressmeddelandena från NASDAQ OMX

Hattrick för LeoVegas vid EGR Nordics Awards 201822.1.2018 08:00Pressmeddelande

Vid EGR Nordics Awards lyfts de mest framgångsrika och innovativa spelbolagen fram. I hård konkurrens vann LeoVegas tre utmärkelser, "Nordics Operator of the Year", "Casino Operator of the Year" och "Sports Betting Operator of the Year" "Vi är väldigt glada över att ha vunnit Casino Operator- och Sports Betting Operator of the Year eftersom det är dessa två spelkategorier som definierar, och är vår produkt. Att dessutom bli utsedd till Nordics Operator of the Year är helt fantastiskt! Att få dessa utmärkelser är ett kvitto på att vi är ett extremt duktigt team på LeoVegas som ständigt levererar. Det visar också att vi är det ledande GameTech bolaget som verkligen leder vägen inom Norden", säger Gustaf Hagman, Group CEO. Nordics Operator of the Year LeoVegas vann utmärkelsen Nordics Operator of the Year för att LeoVegas har under det senaste året varit en drivkraft för innovation inom alla delar av bolagets verksamhet och tydligt lyckats särskilja sig från konkurrenterna genom en mix av

Hat-trick for LeoVegas at EGR Nordics Awards 201822.1.2018 08:00Pressmeddelande

The most successful and innovative gaming companies are noticed at the EGR Nordic Awards. In fierce competition, LeoVegas won three awards, "Nordics Operator of the Year", "Casino Operator of the Year" and "Sports Betting Operator of the Year". "We are extremely pleased to have won the Casino Operator and the Sports Betting Operator awards as these are the two main categories that define our product. Being declared as the Nordics Operator of the Year is really outstanding! To receive these awards is a receipt that we are an extremely talented team at LeoVegas that is constantly delivering. It also shows that we are the GameTech company that is leading the way within the Nordic region," says Gustaf Hagman, Group CEO. Nordics Operator of the Year LeoVegas won the award for the Nordics Operator of the Year because LeoVegas has been the driving force for innovation in all parts of the company and clearly distinguished from its competitors through a mix of high growth, innovation and strong

Immunicum AB (publ) Announces Upcoming Presentations and Attendances at Conferences in January and February22.1.2018 08:00Pressmeddelande

Press Release 22 January 2018 Immunicum AB (publ) Announces Upcoming Presentations and Attendances at Conferences in January and February Immunicum AB (publ; IMMU.ST) a biopharmaceutical company advancing a novel, immune-priming cancer treatment against a variety of solid tumors, today announced that Immunicum leadership will present the Company and attend several upcoming industry and scientific conferences in January and February. ASCO/SITC - Clinical Immuno-Oncology Symposium Date: January 25 - 27, 2018 Venue: San Francisco Marriott Marquis, San Francisco, California Aktiedagen Lund Date: January 30, 2018 Presentation: Tuesday, January 30, 10:15 am Central European Time Venue: Medicon Village, Hörsalen Scheelevägen 2, Lund, Sweden Please register to attend at https://www.aktiespararna.se/aktiviteter/aktiedagen-lund-30-januari Cholangiocarcinoma Foundation Annual Conference Date: January 31 - February 2, 2018 Presentation: Poster Session - Thursday, February 1, 7:00 - 9:00 pm Mountai

Immunicum AB (publ) meddelar kommande presentationer och deltagande i konferenser under januari och februari22.1.2018 08:00Pressmeddelande

Pressmeddelande 22 januari 2018 Immunicum AB (publ) meddelar kommande presentationer och deltagande i konferenser under januari och februari Immunicum AB (IMMU.ST), ett bioteknikbolag som utvecklar nya immunostimulerande cancerbehandlingar för ett antal solida tumörformer, meddelar idag att Immunicums ledning kommer att presentera bolaget och delta under flera kommande branschkonferenser och forskningskonferenser under januari och februari. ASCO/SITC - Clinical Immuno-Oncology Symposium Datum: 25-27 januari 2018 Plats: San Francisco Marriott Marquis, San Francisco, Kalifornien, USA Aktiedagen Lund Datum: 30 januari 2018 Presentation: tisdag den 30 januari, 10:15 CET Plats: Medicon Village, Hörsalen Scheelevägen 2, Lund För att delta, registrera dig här https://www.aktiespararna.se/aktiviteter/aktiedagen-lund-30-januari Cholangiocarcinoma Foundation Annual Conference Datum: 31 januari-2 februari 2018 Presentation: Poster Session: torsdag den 1 februari, kl. 19:00-21:00 Mountain Standard

SD-WAN Market Leader Aryaka Names Claudio Perugini Senior Vice President of Global Channels22.1.2018 06:00Pressmeddelande

SAN MATEO, Calif., Jan. 22, 2018 (GLOBE NEWSWIRE) -- Aryaka®, the leading global SD-WAN provider, announced today that networking industry veteran Claudio Perugini has joined the company's leadership team as Senior Vice President of Global Channels. In his new role, Perugini will lead and further scale Aryaka's global partner program as the company continues to grow rapidly and expand its market footprint in 2018. "Aryaka's channel partners have played an essential role in establishing the company as the market leader in the global SD-WAN space," said Perugini. "Our technology is a game-changer for the channel community as we offer global enterprises a next-generation alternative to legacy network technologies. As the Senior Vice President of Global Channels, my key focus areas will be recruitment, further scaling the channel organization, enhancing the structure of the Aryaka Global Partner Program, and improving partner enablement." Perugini has more than 30 years of channel and sale

Ant Financial Hosts Technology Conference in Silicon Valley20.1.2018 06:39Pressmeddelande

Conference featured global fintech leaders and showcased Ant Financial's capabilities across blockchain, AI, security, IoT and computing SANTA CLARA, Calif., Jan. 20, 2018 (GLOBE NEWSWIRE) -- Ant Financial today hosted the Ant Technology Exploration Conference (ATEC) in Silicon Valley, bringing together global partners and technology leaders to explore new innovations and technologies that further Ant Financial's mission of bringing the world equal opportunities. This was the first ATEC held outside of China, following the inaugural ATEC held in Hangzhou in October 2017. The conference featured a diverse range of speakers from academia and industry to better explore the future of fintech, including Turing Award winner and MIT Professor Silvio Micali; Partner and Director of blockchain-based global payment platform Ripple, Emi Yoshikawa; founder of prediction market Bodhi, Xiahong Lin; and Director of JPMorgan Chase's digital channels, Umar Farooq, among others. Ant Financial's Vice Pre

I vårt pressrum kan du läsa de senaste pressmeddelandena, få tillgång till pressmaterial och hitta kontaktinformation.

Besök vårt pressrum